How Billionaires Take Seriously the Proverb “Charity Begins at Home”

Aug 06, 2020

What is the point of having a billion dollars? Most people would say, after observing the behavior of recent billionaires, that the point is to turn the first billion into multiple billions. If you don’t spend it or bury it in the ground, money grows. That’s a law of nature. And when you have...

Is Warren Buffett the Last True Believer in Constant Progress?

Jun 12, 2019

The media will never tire of Warren Buffett’s oracular pronouncements, nor will it dare to put them in perspective or critique them. Who better than the Oracle of Omaha, the Pope of Wall Street, Warren Buffett, can we count on to guide the faithful in the dogmas they need to believe about the...

Berkshire’s Charlie Munger Explains US Culture

May 20, 2019

The US media uncritically celebrate the wealthy and suppose that their every thought may be a pearl of wisdom. The Daily Devil’s Dictionary explains.  Interviewed in the wake of the Berkshire Hathaway annual meeting by journalist Andy Serwer of Yahoo Finance, Warren Buffett’s alter ego and...

Buffett, Munger and Gates Share Their Wisdom

May 08, 2019

Can celebrity billionaires be guilty of impoverished thought? Berkshire Hathaway’s annual meeting has provided a media platform to see whether that’s true. Warren Buffett, the "Oracle of Omaha," whose wisdom everyone with the ambition to be one day worth $80 billion listens to attentively,...

The Daily Devil’s Dictionary: “Significance” of Billionaires

May 25, 2018

Charlie Munger, the supposed alter ego of Warren Buffett, “significantly” takes on Elon Musk, the founder of Tesla. Those who know his name know Charlie Munger as Warren Buffett’s alter ego. They attribute to him a similar level of unassailable wisdom about stocks, even though with a net...